Indonesia's Sugar Imports Surge to Record High in 2022

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Adi Ahdiat 26/05/2023 18:00 WIB

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According to BPS data, Indonesia imported 6 million tons of sugar in 2022, the highest in the last five years.

Indonesia's Sugar Import Volume (2018-2022)

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Indonesia's Sugar Import Volume (2018-2022)

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Based on data from the Directorate General of Customs processed by the Central Bureau of Statistics (BPS), Indonesia imported 6 million tons of sugar in 2022.

The volume of sugar imports increased by 9.6% compared to 2021 (year-on-year/yoy), setting a record high in the last five years.

In 2022, Indonesia imported the most sugar from Thailand (2.4 million tons), India (1.6 million tons), Brazil (1.3 million tons), and Australia (653 thousand tons).

According to I Gusti Ketut Astawa, Deputy for Food Availability and Stabilization at the National Food Agency (Bapanas), the price of sugar on the international market is increasing this year.

"The increase in international sugar prices is real, caused by various factors, ranging from the change in sugarcane allocation to ethanol in Brazil, to decreased production in India and Thailand," said Ketut, as reported by Liputan6.com, Thursday (25/5/2023).

"This condition causes global supply to decrease and world sugar prices to rise. This also impacts the price of various aspects related to sugar domestically," he continued.

To anticipate the price increase, Bapanas claims to have coordinated with various parties to prepare a Reference Price for the Purchase/Sale (HAP) of consumption sugar. This HAP is expected to control sugar price fluctuations domestically.

"We have discussed several times with our colleagues, involving the Ministry of Agriculture, the Ministry of Trade, the Coordinating Ministry for the Economy, including all stakeholders. We are calculating the structure of production costs, so that a fair price can be obtained," said Ketut.

"That figure (HAP) will then be brought to a meeting at the Coordinating Ministry for the Economy. When the price is released, farmers will not lose, and the price will still be reasonable for consumers," he continued.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Indonesia's Sugar Imports Surge to Record High in 2022

Indonesia's Sugar Imports Surge to Record High in 2022

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